Stocks at power producers are equivalent to less than 12 days of consumption, up from 9 days this time last year but much leaner than 18 days in 2021 and 19 days in 2020. Inventories normally accumulate from October to March, when air-conditioning and refrigeration demand is lower, and deplete from April to September, when cooling demand is high and mine output is disrupted by monsoon rains.from Industry-Economic Times
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